... RICHMOND Va. June 20 /- Insmed Inc. (Nasd...Insmed received a letter from The NASDAQ Stock Market ( NASDAQ ) onJu...In the event that the Panel determines not to grant the Company'srequ...About Insmed ...

RICHMOND, Va., June 20 /PRNewswire-FirstCall/ -- Insmed Inc. (Nasdaq:
INSM), a developer of follow-on biologics and biopharmaceuticals, today
announced that it intends to request a hearing before The NASDAQ Listing
Qualifications Panel ('the Panel") to appeal an earlier Staff Determination
to delist the Company's common stock from The NASDAQ Capital Market.

Insmed received a letter from The NASDAQ Stock Market ("NASDAQ") on
June 17, 2008 indicating that the Company had not regained compliance with
NASDAQ's minimum bid price requirement of $1.00 per share for continued
listing of Insmed's common stock on The NASDAQ Capital Market as set forth
in Marketplace Rule 4310(c)(4) (the "Staff Determination"). As a result,
the Company's common stock would be subject to delisting unless Insmed
requests a hearing before the Panel. Following procedures set forth in The
NASDAQ Marketplace Rule 4800 series; the Company intends to request a
hearing before the Panel to review the Staff Determination. The hearing
request will stay the delisting of Insmed's common stock, pending the
decision of the Panel following the hearing, allowing the Company's common
stock to continue to trade on The NASDAQ Capital Market. There can be no
assurance, however, that the Panel will grant Insmed's request for
continued listing of its common stock on The NASDAQ Capital Market.

In the event that the Panel determines not to grant the Company's
request for continued listing of its common stock on The NASDAQ Capital
Market, Insmed's common stock may become eligible for quotation and trading
on the OTC Bulletin Board.

About Insmed

Insmed Inc. is a biopharmaceutical company with unique protein process
development and manufacturing experience and a proprietary protein platform
aimed at niche markets with unmet medical needs. For more information,
please visit http://www.insmed.com.

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